Tight inventories mixed with high demand are pressing prices higher in many markets. As such, a growing number of real estate pros say that their home sellers are seeing their properties sell beyond the asking price.Thirty-four percent of properties that closed in January sold at or above the list price, according to the January 2018 REALTORS® Confidence Index Survey, a survey of real estate professionals about their latest transactions. That i
Real estate shopping requires a buyer’s imagination. As a real estate professional, you want open-house guests to be able to picture the household as if they’ve already moved into the property. That’s why staging can make all the difference in the world, especially for an empty house, says Desare Kohn-Laski, broker-owner of Skye Louis Realty in Coconut Creek, Fla.If you’re having a tough time convincing sellers that staging a vacant h
For the third consecutive year, the Hispanic population is driving growth in homeownership, according to the latest State of Hispanic Homeownership Report. Hispanics’ rising populations and household formation, as well as their increased workforce participation, is behind the uptick, according to the report released by the Hispanic Wealth Project and National Association of Hispanic Real Estate Professionals.The Hispanic population in the Unit
Homeowners who’ve been through multiple winters know that this time of year isn’t a time to be slacking in home maintenance. There’s more to March madness than just basketball—in housing, it’s the time to make sure owners are staying proactive in tending to their homes through these next few springtime months.HouseLogic shares four tasks all owners have to do in March: Patch up spots on the lawn. As spring showers start to arrive, be s
The commercial real estate market had a mostly stellar year in 2017, according to the “Economic Impacts of Commercial Real Estate” report published by the Commercial Real Estate Development Association, also known as NAIOP. Commercial markets generated significant economic growth at both the state and national levels, supporting 7.6 million jobs and contributing $935.1 billion to the U.S. gross domestic product in 2017, according to the rep
Spring may have already sprung in the housing market. List prices have begun their traditional spring climb, reaching the median high from last summer of $275,000, realtor.com® reports.“Rapid mortgage rate jumps, and confirmation of a brighter economic outlook have inflated the pool of home buyers early in the year, putting an extra squeeze on the mid- and entry-level market,” says Javier Vivas, director of economic research at realtor.com®
Many markets are rising above their previous peaks, and the Great Recession is now far in the rear-view mirror. But that’s not the case for every market. In some places, home prices continue to lag, even seven years after bottoming out. CoreLogic’s newly released report, “Evaluating the Housing Market Since the Great Recession,” examines the bust years between 2006 and 2011 and subsequent recovery in the housing market.The Great Recessio
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Find the weak spots. Conduct a safety audit on your properties to find the most susceptible points of entry. In-window air conditioning units, fire escapes, and dark entryways are all common entry points for burglars, according to Ooma. Motion sensor alarms are one option for securing these areas. Secure ground level windows and patio doors. A simple yet effective way to add peace of mind is to make sure there’s a security bar or metal
Buying a home is a lot easier in some areas of the country than others, where the inventory of affordable homes is greater and where their salaries can stretch further. Allentown, Pa.—boasting the highest homeownership rate in the nation in 2017, at 73.1 percent—is one such place. The median home list price in Allentown is $217,050, well below the national median of $274,900, according to realtor.com® data.The town, about an hour outside of
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